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, requires some reforms to be strengthened. we are in big disagreement as to how to do it. >> that is an understatement. democrat favor tax hike within social security and medicare as well as increasing income taxes. budget committee chairman paul ryan argues part of the problem in medicare is the new healthcare law. which claims savings will materialize, and the chief actuary of medicare has the same concerns. >> there is a lot of evidence to suggest some of the payment provisions will not be sustainablsustainable in the lo. >> it pays providers including doctors lower and lower rates. foster says over time it will leave 40% of all providers in the red raising questions about whether they'll treat medicare patients. >> if at some point our payment rate to providers become less or significantly less to the cost of providing services, they either will be unwilling, or unable to continue providing services. >> last year, 51% of medicare's cost was taken out of the general revenue; meaning, half the cost of medicare was paid by borrowing money. which is why it's part of the d
is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
and what's he really up to? >> well, what mitch mcconnell is actually up to is saying, look, we took a big bet on this debt ceiling thing opening to use the mefrj to make the president agree to spending cuts. what house republicans want. it's not working. everything he wants meager spending reform, wants higher taxes or he's saying he seems to be willing to go all the the way to shut down default. lets he' step back and let him take control of this and consequences of the action of not dealing with real spending reform. >> paul: dan, sellout. is this giving up too easily as a lot of right wing,are saying? >> no, i don't think so, paul. i think they overestimated their ability to leverage the president into big spending cuts. somehow, it seems to me, behind all this have is a misunderstanding about the power of the presidency, it is vast and getting into a big fight over big spending cuts and let's make it clear here, we're talking about reforming entitlement spending, medicare, medicaid spending to try to get into a debt limit negotiation and force the president of the united states to ref
clearly we have a bought one. time to change that. our show starts right now. >>> well, the big story today, whether we like it or not, round 4. right now congressional leaders walking back into the white house for the fourth straight day of debt talks with president obama. it is hump day here in new york city, and across this great land. i am dylan ratigan. a pleasure to be seeing you. debt negotiators have yet to get over their trillion dollar hump and agree on a debt deal to keep our nation functional, the president stepping up the fearmongering, warning that seniors may not be able to get their social security check next month if congress does not act. quite simply, that would not happen. on the gop side, speaker boehner said any deal would be a crapshoot. house majority leader eric cantor, king of the prowrestlers these days, a leading voice emerging, aligning with the extremely far right idea logically prime minister study committee, in guarantees another job-killing debt crisis. that's a good talking point. i think most notably we'll stop spending on pod people or -- does
'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a major distra
have big differences over how to raise the ceiling and avoid default, they can't even agree on whether they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and i'm more optimistic than my friend, the majority leader. we've
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
's headlines about the campaign's big haul and tell you why we're a tad underwemed. >> >> dyou got to check the sel date, it's wednesday, july 13th, 2013. i'm chuck todd, an unbelievable hump day, feels like it's forever bigger here in washington, where i begin my first read this morning. it's the beginning of the end game for negotiations on the federal debt. with pessimism building that leerds will produce a deal and avoid default mitch mcconnell proposed plan c, a contingency, what i like to call the hail mary punt. he set the stage on the senate floor with this pretty rough attack on the president. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably unattainable. >> mr. mcconnell said the day i was elected that his job was to try to see me beat. i'll have to explain how it is that we're going to avoid default because i'm going to be president here for at least another year and a half. >> right after that interview, mcconnell unveiled this plan c. he would hand over to the presid
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it was scheduled to carry golfers vacationin
into a big thing. the president is saying, you must have a deal within 24 to 36 hours. mr. president, what is your deal? will you pro offer a deal. write it up, put it on a couple pieces of paper and offer it. instead he's saying, cave. give me all the taxes i want. and give me as little restraint on spending as i want. and don't ever count on me to offer a plan. >> sean: some good news today. i was not that happy with senator mccon fell's proposal. but, today -- today he came out as a co-sponsor in the senate of cut, cap and balance. my take is, strategically this is a bit of a chess game many you are great at strategy. why not the house republicans pass, cut, cap and balance send it to the senate, let's see was? >> we gotta have movement. mcconnell is a crafty inside operator. his first offer is never his final offer. i was looking at not what he was suggesting specifically, but the direction. the direction of it was to change the dynamic. mr. president, where is your plan? his proposal required the president to offer a plan. second, it acknowledged we needed to get this thing done. it c
think speaker boehner has been very sincere about trying to do something big. i think he'd like to do something big. his politics within his caucus are very difficult. >> well, here's what he means. in a new poll, we see the complicated political caucus they are dealing with. the number of americans who are very concerned about default has ticked up seven points in the last two months. then it was just 35% believe not raising the limit and risking default was worse than raising it and potentially spurring more spending. now 42% see greater risk in a potential default, 47% are more concerned about lifting the limit but the gap has narrowed. that gets you talking about the education of the public in the last two months. look at the republican side. the folks who have been more engaged in this debate since the outset, the numbers have only hardened. 66% of republicans are more concerned with raising the debt limit compared to 60% in may. that number rises to 75% among republicans who identify with the tea party. so this is the issue. and speaker boehner has said he would only raise the d
house back to the table, back to talking about something big. now, look, we still got a long ways to go. it's a weekend of sales jobs going on right now that actually began last night when the president had the congressional democratic leadership over to start talking turkey. so that brings us to the other sticking point, the actual substance. everybody has to figure out what to cut. this isn't going to be as easy as folks think and both sides are moving toward a deal that would include a trigger to assure mutually destructive politically when it comes to the two big items being kicked to committees or joint committees and that's still being figured out, tax and entitlements. one incentive plan would kill bush tax cuts for the rich and key portions of the new health care law if somehow the reforms for the tax code and social security and medicare weren't agreed to and implemented by january 1st, 2013. the question is, is the penalty on the bush tax cuts sort of the idea that you're kicking this down, is that going to be enough to assuage some democrats who believe there's too many cuts
, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raising the debt cei
the world cup final. >> big victory to talk about. >> that's it for us. "cnn newsroom" begins right now with kyra phillips. you have a busy morning. >> we do. a lot to talk about. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> the nation's debt crisis. the clock ticks and pressure builds. the president tells the congressional leaders you have 24 hours or less to make something has been. >>> a top murdoch executive resigns this morning. rebekah brooks former head of the disgraced tabloid "news of the world" is gone. >>> in southern california, drivers buckling up for carmagedd carmageddon. a bridge demolition that will close down 405, one of california's busiest highways. >>> we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in the united states. lawmakers dema
the possibility of doing something bigger. >> look, here's where things stand. there are three different big deals out there. number one is what the president and speaker boehner and eric cantor are negotiating, which is, yes, a big deal that is separate from anything the gang of six in the senate is working on. and then of course there's mcconnell-reid. one thing that's going on in the last 24 to 48 hours, is any deal that's mcconnell-reid that includes this idea of sort of the disapproval vote, giving the president more power to raise the debt ceiling, that thing has grown to the point of almost being toxic with some house republicans. in fact, they hate it so much, they may prefer to negotiate with the president directly. but for the white house, getting the 217 means making a deal acceptable to at least some of those houses with 87 new members. the man who's made himself their standard bearer, majority leader eric cantor put it this way. >> one-third of the republican conference and one-quarter of the entire house of representatives are freshmen, they're new. many of them have never served in
a controversial last choice option to end the stalemate. >>> how big was it? word this morning the number of possible victims involved in that hacking scandal in britain could be in the thousands. this morning one celebrity who says he was a target, hugh grant, speaks out in a live interview. >>> and we need aboat. a huge 18-foot-long saltwater crocodile leaps out of the river to the delight and terror of tourists. and the photographer who took the picture says it's no croc d the picture says it's no croc d day. captions paid for by nbc-universal television >>> good morning. welcome to "today" on a wednesday morning. i'm matt lauer. >> i'm ann curry. boy, the gloves are off in washington. the move could be more today because the president and top congressional leaders are going to go back to the negotiating table yet again. >> that's right. the republicans were not at all happy with the president's comment on tuesday. now senator mitch mcconnell has offered that last chance option. we're going to tell you what he is offering straight ahead. >>> also this morning matt, it was a deadly cras
connell is also catching flak. presidential candidate newt gingrich called it an irresponsible surrender to big government and continued overspending. are the republicans handing the president a hot potato or a blank check? we'll have more on that. first, here are the other stories we're looking into tonight. the ultimate game of hide and seek. the cia in pakistan using dna to track the most dangerous terrorist in the world. >> sounds like it's straight out of a spy novel. >> but the story is fact not fiction. and republicans held hostage by the tea party. i'll ask one of their leaders, dick armey, will their hard-line position on the debt ceiling take down the gop, along with the rest of the country? then off with his head. in england, that's how parliament once dealt with the king. now they're after the head of another great empire. will rupert murdoch keep his crown? we'll discuss that later. now back to the top story, the partisan gamesmanship ramping up in debt ceiling talks. did they accomplish anything tonight? >> i wish i had a different answer than i had last night but again no breakth
to rein in big government spending and prevent tax increases. >> the majority of the house has to approve spending and that's tremendous leverage. we should use it. >> a political analyst says it has an impact on how far g.o.p. speaker john boehner can go in debt negotiation. >> the existence of the freshmen linked creditability to john boehner when he says there are not enough votes for tax increase. >> reporter: president obama is also feeling the pressure from the left flank saying that social security and medicare may need modification to sustain them for the future generation. >> if there is a reasonable deal to be had on it, one i'm willing to pursue. >> that got a strong pushback from nancy pelosi and other liberals. >> today, the democratic women of congress have come together to send a clear message. we must protect medicare and social security. we will not support cuts. >> reporter: if there are cuts to the program in a final deal, it will be a tough sell to the president with the liberal base, which sees itself as cardigan of the entitlement. molly henneberg, fox news. >> shann
is a big question and when we should be jumping to conclusions about. >> giuliani is also a longtime friend of rupert murdoch. >>> now the nation's debt crisis and a new deadline. forget august 2nd. the president says it's decision time now. here is what he told congress. you've got 24 hours or less to move forward on a deal. and then there is this dire message from the big three global credit ratings agencies. if a deal isn't reached soon, they will downgrade the nation's credit standing. the president speaks to the american public today. a news conference less than two hours away from now. 11:00 eastern. we will carry it live. >>> let's get to the white house and dan lothian. what do we expect the president on say come 11:00? >> reporter: well, a senior administration official telling me the president will be explaining to the american people where they really are in this process, what he has asked congressional leaders to do, and how he is still pushing for the biggest deal possible. another white house aide telling me the president will continue in that press conference to make the case
: the presidentnt continued to push for a big, painful deficit reduction package. >> we have a unique opportunity to do something big. >> reporter: and for the first time publicly, he detailed a specific, possible cut to a popular entitlement program. can you tell us one structural reform that you are willing to make to one of these entitlement programs that would have a major impact on the deficit? >> i've said that means testing on medicare. meaning, people like myself, you can envision a situation where, for somebody in my position, me having to pay a little bit more on premiums or copays or things like that would be appropriate. and again, that could make a difference. >> reporter: even with the suggestion, negotiations are at an impasse. house republicans are refusing to increase any taxes and insist the president is not serious about cuts. >> we asked the president to lead. we asked him to put forward a plan, not a speech, a real plan. and he hasn't. we will. >> reporter: the race is on to figure out a way to raise the debt ceiling without an agreement to reduce the deficit. and what happen
sticking point is this issue of raising the debt limit, large enough, big enough, so that it gets us through 2012, gets us into the spring of 2013. right now, of course, the boehner bill and what republicans were supporting would have this debt limit come to another vote in the next -- >> at this point in time -- >> harry reid wants to do is simply figure out a way to satisfy the second round of deficit reduction, create a stronger trigger potentially, whatever he can come to, to get more republicans to support his way in order to get this debt limit passed 2012. i think he's going to come to an agreement. the question is, how big of an agreement is it? is it an agreement that barely gets the eight republicans he wants? or does it get 20 republicans and sends a strong, bipartisan message to make sure this thing doesn't get gummed up again in the house. >> does he have a dance partner in terms of a republican willing to negotiate? >> reporter: he's got a few dance partners potentially, but right now he's not working very well with mitch mcconnell. that's not clear. but don't be surpri
. the boehner bill has capped on the spending so that seems to be a big divide. how do you tweak that to make the two of them happy? that might be a tall order. i can't think what would make the tea party satisfied with this bill, but balanced budget amendment? >> right. there has within talk around here unconfirmed that that is the sweetener being added to the boehner bill, a balanced budget amendment. but really this is an extraordinary evening in an extraordinary episode, greta, one that political scientists will be studying for 50 years or more. we watch both divided government at its most dysfunctional. and a president who to many observers appears to be side lined for the time being as -- congressional leaders work behind closed doors to hammer this out and deep divisions whereby a powerful speaker john boehner is having difficulty coralling votes he needed. remember he lost 59 republican votes. you have this large freshman class, 80 members, a lot backed by the tea party and elected here to, on a promise of cutting spending and take one exyampem. tim scott from south carolina was one o
. they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early last year. the government said today that gdp grew at just a 1.3% annual rate in the second quarter, well below expectations. but the shocker was a huge downward revision of the number for the first quarter. growth originally clocked in at 1.9%, but now the government says it grew at just .4 of a president. for the president, the numbers were too bad to ignore, even as he pressured republicans to cut a deal with him on the debt ceiling to help the economy. >> on a day when we've been reminded how fragile the economy already is, this is one burden we can lift ourselves. we can end it with a simple vote. >> the admini
conducting it. >> nbc's luke russert is on capitol hill, where this is really moving very quickly. two big developments on both the house and the senate side. let's start at thb[at house, because we heard all these reports about members of the tea party coming out last night looking like they'd been pretty battered and most of them making the decision that they would not vote for the boehner bill. so, what's going on in the speaker's office this morning? >> reporter: as we speak now, chris, speaker john boehner and the rest of the gop leadership are meeting with the house republican conference over in the basement of the capitol, expected to be a very spirited meeting. the last three have been, trying to rally support, trying to garner support for this bill. obviously there wasn't enough of it last night, but from a gop aides that i've spoken to over the last few hours, we really expect this to be the full-on press thing, if we cannot pass this bill out of the united states house of representatives with only republican support, we lose all our leverage. we have no seat at the bargaining t
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, restaurants and nightclubs bring in big crowds. many say they are attracting trouble. last night darcy spencer went to adams morgan to check it out for herself. >> reporter: i was out here until 4:00 this morning with a photographer. we wanted to come here and see exactly what is happening in the overnight hours. are police overwhelmed. are the crowds out of control. here's what we found. ♪ this is adams morgan on a saturday night where the streets and sidewalks are just as packed as the nightclubs. what's it like down here? >> it's wild. crazy. people every where. motorcycles. people every where. and it's real fun. it's exciting >> reporter: over the course of four hours from midnight to 4:00 a.m. this is what we found. thousands of people coming out to 18th street, a strip of bars and restaurants. some here to drink, take in the scenery. others found them cess on the wrong side of the law, locked up. two men were arrested after a fight at 2:30 in the morning. we saw another man who couldn't walk on his own. his friend were helping him home. >> what brings you to adams morgan. >> a vacation
boehner and president obama are still in contact. they are still working towards an agreement. big stumbling block, taxes still in the way, martin. >> i should explain, mike, that you're inside because there's a lot of rain outside the white house today. >> another major storm, that's right. >> absolutely. >> thanks so much. >> well, now that he's walked out of debt talks with vice president biden, taken a fight to president obama and clashed with speaker boehner, is there any compromise that will sit with house majority leader eric cantor? nbc's luke russert is covering that. republicans, what are they willing to sacrifice in order to reach an agreement? got a copy of the "washington post" which liberally quotes you, but have you been able to get an answer to your question yet? >> reporter: no, and they offer two explanations as to why, martin. number one, they say that a concession republicans are making is just in fact allowing the debt ceiling to go up because that's something that's so unpopular within the house republican caucus. the popular sentiment here in washington, d.c.
of the other spots where you can jump on the parkway. it's been a big inconvenience for folks. keep in mind, though, this is a very small window of time they're going to do this. from 7:00 a.m. until 9:15, that's when they're going to reopen the southbound lanes of cathedral. after 9:15, they're going to close it back down and run the traffic the rest of the day just in the northbound direction. so basically, they're providing you some relief but only during the morning rush hour. hopefully, that's going to help a lot of folks out. they're going to get on southbound rock creek parkway. you're going to have to get at it. 9:15 is when they're going to turn it around and make it northbound again. it's been a tough go for folks in this area. not a lost places to jump on the parkway. hopefully, this is going to help people out. eun, back to you. >> megan mcgrath. megan, thank you. >>> elderly drivers are often teased for driving too slowly, but a new study out this morning shows your kids may be safer riding with their grandparents than they are with you. the study looked at car crash claims in
36 hours will be crucial to decide if a big deal can win support from congress. >> everybody around the table agreed that there is not an option of allowing the debt limit not to be extended so that america does not default on its debt. >> what we have here is a lack of leadership from the white house on what we know is mathematically is necessary to fix this problem. >> we've look the at all available options and we have no way to give congress more time to solve this problem and we're running out of time. >> nbc's kristen welker is live at the white house. is there still hope for a deal? >> reporter: in many ways, it is. good morning to you, chris. president obama told congressional leaders it's decision time. he said we're going to take the day off for a meeting on friday, go back to your caucuses and then come back to me. talks right now are stalled, they've been dealing with the same issues. president obama saying he wants a large deficit reduction package, he says he'll come to the table over entitlement reform if republicans will come to the table for rolling back tax credits
, on a big news day. we welcome you to america's news headquarters and lawmakers are racing against the clock, to finalize the possible deal before a scheduled vote on a democratic senate plan in three hours, and house speaker john boehner says he's hopeful and lawmakers will craft a package that can earn bipartisan support. >> i'm not going to put any deadlines but i think it is clear, should be clear to all of you, that senator mcconnell and i believe that we are going to be able to come to some agreement to end the crisis, as soon as possible. thanks. >> peter doocy live from washington with more, and what do you know about the phones deal. >> reporter: a senior republican leadership source told us what is in the framework of the tentative deal between republicans and the white house and it likes lot like the original boehner plan, but, with the timeline the president wanted. it would take us through 2013 and here's specific, a $3 trillion plan, that would raise the debt ceiling between 2.1 and $2.4 trillion. and cut a trillion dollars in spending right now, and, put together a special com
night, another fan almost takes a big fall trying to catch a baseball. >>> and hakeem dermish is at the >>> the taliban is claiming responsibility for the assassination of the brother of afghan president hamid karzai. all the sources and countries around the world are not necessarily believing that. he was the younger half brother of the afghan president, he was extremely influential in southern afghanistan, but very controversial too. karzai was rumored to be involved with the opium trade. karzai helped nato forces bring local leaders and the taliban to the negotiating table. he was shot and killed at home today by his bodyguard. the taliban has claimed responsibility for that attack as noted. but there is skepticism about whether or not they really had anything to do with it. >>> president obama met with congressional leaders late this afternoon in another effort to reach a deal on the nation's debt limit. republicans proposed a short term deal, it runs out when the president's term expires. steve handlesman reports. >>> as republicans turned up the heat on him, president ob
with the have you recall problems. then when the president says, yeah, let's have the big bargain, they say, oops, we don't want to talk 4 trillion, we want to talk smaller. now they say, you do it. >> that's true, i agree with you, but when you try to do legislation as we're trying to do here, there are times you allow for certain face-saving devices to go forward, to maintain a climate of trying to get something done. i think we have the same emotions about this, but my approach is trying to get 218 votes for the president to move forward with an agenda that i feel is a very solid agenda for the american people. i think what you saw in the last 48 hours, is what the american people saw forth, a man putting forward leadership, and you see a political party now scrambling for a way to get out of the box. >> aren't we seeing a defining moment in terms of leadership for this country? you have a president that says i'm willing to even do some things that will hurt my political base, to try and enter a new level of -- first, they have walked out any number of times, now they're kind of punting
. >> this chronicles the tea party and the big changes the country has gone through. >> it goes through what was happening outside of washington and inside of washington. and the point is that americans can change thing fist they get active. >> i told you before we sat down, i love a guest who shows up with my notes. you are in favor of cut, cap and balance. can i assume that from that button? >> you certainly can. it's the only plan on the table. you know, the president's latched onto this gang of 6. but the gang of 6 proposal is not written down, as senator thune said, it is not going to be a factor. there is no other plan on capitol hill. the president doesn't have one. the democrats in the senate don't have one. the only house that we control as republicans has passed a plan that increases the debt limit with some very reasonable cuts in spending. and it lets the states decide about a balanced budget. now, they say, if that's extreme, then -- we need to change the definition of extreme. >> i guess, i mean, i understand your passion and other people in favor of cut, cap and balance. but w
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